• Offered by Crawford School of Public Policy
  • ANU College ANU College of Asia and the Pacific
  • Course subject International and Developmental Economics
  • Academic career Postgraduate
  • Mode of delivery In Person
  • Offered in Second Semester 2018
    See Future Offerings

This course is designed to introduce the theoretical and practical basis of large scale economic modeling of the global economy for Masters level students with a strong understanding of Economics. Students will be instructed on the fundamentals of constructing a global simulation models based on the G-Cubed general equilibrium model. They will then analyze a number of macroeconomic policy problems using the G-Cubed model as the basis for formulating the policy question. They will learn how to use the model to generate a set of results, to interpret those results will write a report that uses those insights to contribute to an existing literature on a major macroeconomic policy problem.

Learning Outcomes

On successful completion of the course, students will be able to:
1. understand the conceptual basis of large scale general equilibrium models 
2.  have a detailed understanding of the G-Cubed  global economic model. 
3. evaluate macroeconomic policy questions in the model framework and 
4.  use and interpret results from this model for policy analysis.

Indicative Assessment

1. 2,500 word essay (25%) where students will use a small CGE model to simulate a policy question and write up the economic interpretation of the model results. 
2. 5,000 word research essay (75%) where students will be given a series of spreadsheets of results from the G-Cubed model for a number of different macroeconomic questions. They will be required to choose one of the sets of results and write a research report interpreting the model results and provide a detailed study of the policy question posed drawing on the relevant economics literature to supplement the analysis.

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Workload

A 2-hour Lecture and a 1-hour Workshop each week. Students are expected to study at least 8 hours per week outside class.

Prescribed Texts

Peter B. Dixon and Dale W. Jorgenson, Editor(s), Handbook of Computable General Equilibrium Modeling, Elsevier, 2013, Volume 1, Pages 1-22, ISSN 2211-6885, ISBN 9780444595683, 10.1016/B978-0-444-59568-3.00001-8.

Preliminary Reading

Peter B. Dixon, Dale W. Jorgenson, Chapter 1 - Introduction, In: Peter B. Dixon and Dale W. Jorgenson, Editor(s), Handbook of Computable General Equilibrium Modeling, Elsevier, 2013, Volume 1, Pages 1-22, ISSN 2211-6885, ISBN 9780444595683, 10.1016/B978-0-444-59568-3.00001-8.
Warwick J. McKibbin, Peter J. Wilcoxen, Chapter 15 - A Global Approach to Energy and the Environment: The G-Cubed Model, In: Peter B. Dixon and Dale W. Jorgenson, Editor(s), Handbook of Computable General Equilibrium Modeling, Elsevier, 2013, Volume 1, Pages 995-1068, ISSN 2211-6885, ISBN 9780444595683, 10.1016/B978-0-444-59568-3.00015-8.

Assumed Knowledge

This is a Master-level course in Economics. A high level of computer skills plus Masters microeconomics and a good technical understanding of mathematical techniques (including calculus) is assumed.

Fees

Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
Band 3
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

Units EFTSL
6.00 0.12500
Note: Please note that fee information is for current year only.

Offerings and Dates

The list of offerings for future years is indicative only

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery
8658 23 Jul 2018 30 Jul 2018 31 Aug 2018 26 Oct 2018 In Person

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